William K. Black May 15, 2018 Bloomington, MN As a savings and loan regulator, on April 9, 1987, I experienced Senator John McCain at his very worst. He, and his four Senate colleagues, collectively, the “Keating Five,” pressured my colleagues … Continue reading → The post Fair Seas and Following Wind John McCain appeared first on New Economic Perspecti […]
By J.D. ALT Everyone knows how a country-club works: Members pay dues, and the dues are used to pay for the expenses of running the country-club—maintenance and improvements, kitchen and service staff, golf-course mowing and landscaping, etc. Sometimes a big … Continue reading → The post Why America is not a Country-Club appeared first on New Economic Perspe […]
Last Tuesday (May 15, 2018), the new German Finance Minister Olaf Scholz stood up in the German Bundestag and delivered his first fiscal policy presentation. Not only was “der schwarzen Null” (Black Zero) sustained but in his address, the new … Read the rest of this entry »
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »
from Asad Zaman In part 1 of this article (Understanding Macro: The Great Depression (1/3), we saw that Keynes challenged classical economics on many fronts. Against the classical idea that free markets will automatically eliminate unemployment, he argued that governments needed to adopt appropriate fiscal and monetary policy in order to create full employme […]
Pretty much as expected. These numbers are not adjusted for inflation, which is running around 2%: Highlights Consumer spending was weak in the first quarter and the first look at the second quarter is no better than moderate. Total sales rose an as-expected 0.3 percent in April which pretty much tells the story of the […] The post Retail sales, Mtg apps, Ho […]
Chères lectrices, Chers lecteurs, Le carnet que vous consultez est désormais une archive et ne sera plus alimenté. Les droits d’accès en écriture ont été retirés à son auteur par l’équipe d’OpenEdition. À de...
Par Bill MitchellThe dreaded NAIRU is still about!16 Avril 2009Traduction collective avec Frapper MonnaieBill Mitchell est Professeur de recherche en économie et Directeur du Centre du Plein Emploi et Équité (CofFEE), a l'Université de Newcastle, NSW Australia.L’épouvantable NAIRU est toujours d’actualité ! Je pensais – de façon optimiste – qu'il d […]